The Science Of ...

Shopping online has come of age (e.g. Amazon is now larger than Walmart!)

Online retail is still growing 20% to 30% per year.

Andrew Smith, Yuppiechef

Amazon has a larger market cap than Walmart.

Andrew Smith, Yuppiechef

Online has allowed pricing to be a lot more visible.

Andrew Smith, Yuppiechef

The Money Show’s Bruce Whitfield interviewed Yuppiechef’s Andrew Smith for his weekly “The Science Of” feature.

Smith spoke about the state of ecommerce, including trends such as Visa Checkout and Snapscan, as well as the issue of deliveries (in the light of the recent purchase of Postnet by Aramex, enabling online purchases to be collected from a Postnet branch).

Scroll down for quotes from the audio below.

We have about 85 staff members. It’s a big business.

Andrew Smith, Yuppiechef

There certainly was less competition 10 years ago.

Andrew Smith, Yuppiechef

We ship to five other African countries.

Andrew Smith, Yuppiechef

South Africa is always behind in these aspects.

Andrew Smith, Yuppiechef

We have a very strong mall culture. We have one of the highest rates of malls per capita.

Andrew Smith, Yuppiechef

The Post Office has done us no favours.

Andrew Smith, Yuppiechef

Just start! Making sales is the hard part. Don’t spend a year fiddling with the technology.

Andrew Smith, Yuppiechef

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Article brought to us by Old Mutual.


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